Is 60174, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60174 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 60174 has remained a Seller's Market.

Key Takeaway

60174 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60174, IL

How much do homes in 60174, IL cost?

Median Sold Price

$368,233

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,733(+5.1%)

Key Takeaway

Homes in 60174 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 60174 was $368,233 in March 2024, up 5.1% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $209.5K$168.5K
-19.6%
2 $276K$310K
+12.3%
3 $315K$350K
+11.1%
4 $507.5K$494.5K
-2.6%
5+ $545K$750K
+37.6%

Summary: 60174 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 37.6%.

Median Sold Price Compared To Nearby Zip Codes

60177
+18.0%
60175
+7.3%
60174
+5.1%
60134
+4.7%

Housing Supply in 60174, IL

How many homes are available in 60174, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8095+18.8%

Summary: The 60174 real estate market had 95 homes for sale in March 2024, a 18.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1822
+22.2%
3 3137
+19.4%
4 2630
+15.4%
5+ 56
+20.0%

Summary: The 60174 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1429+107.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60174, you could pay more than the asking price. 55.2% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 60174 in March 2024, up by 107.1% month-over-month. Of the 29 sold homes, 41% were sold under asking, 3% were sold at asking, and 55% were sold over asking.

Days on Market for 60174, IL

How long does it take to sell a home in 60174, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days20 Days-51.5%

Summary: Homes in 60174 had an average of 20 days on market in Mar 2024, down by 51.5% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60174 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 29 homes were sold in 60174; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in 60174, IL

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